Levies will drop from 50% to 18% as US president claims New Delhi will buy more than $500bn of American goods

Tariffs will drop from 50% to 18% on Indian goods, while India has agreed to stop buying Russian oil.

Levies will drop from 50% to 18% as US president claims New Delhi will buy more than $500bn of American goods

Donald Trump had slapped India with a punitive 25% tariff for buying Russian oil on top of a 25% 'reciprocal' tariff.

WASHINGTON/NEW DELHI: US President Donald Trump on Monday announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting…

Stocks also rise in first trading session as US pledges to lower country’s tariffs to 18% following oil agreement

NEW DELHI: The US and India have announced reaching a trade agreement after months of friction, with President Donald Trump saying that Prime Minister Narendra Modi had “agreed”…